For the life of me, I have never understood why the Government did not make public the Memorandum of Understand (MOU) with CLICO that has supposedly existed for about a year. But, I see that it has now been tabled by the Finance Minister (see Barbados Today and image alongside for extracts). I presume that this was in response to the question from the Leader of the Oppostion that was on yesterday's Order Paper, see below:*8. Miss Mia A. Mottley (St. Michael North East): To ask the Minister of Finance:
1. Will the Minister of Finance urgently provide to this Honourable Chamber the terms of the Memorandum of Understanding announced in his 2009 Budgetary and Financial Statement signed between the Government of Barbados and Clico Holdings Barbados or any other subsidiary of Clico Holdings Barbados? Will the Honourable Minister also state whether it is his intention to lay this Memorandum in this Honourable House? If so, will the Minister state when he intends to lay the said Memorandum. Will the Minister of Finance further provide the terms of reference of the Government Control Oversight Committee that has been established to have oversight over the sale of financial subsidiaries of Clico Holdings Barbados and their expenditure? Further, will the Minister of Finance indicate if the oversight committee is still operational; and did the mandate extend beyond the six (6) months given at the time of its establishment?
Transparency and accountability in government affairs should have argued for this being presented to the House much sooner, not least so that any matters contained could be discussed fully. We will now listen to the explanation why despite repeated previous requests that this be done that it took so long.
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